Because rulemaking is subject to regulatory cycles and to a classic collective action problem, rules are generally not enacted at the moment appropriate information for rulemaking becomes available.
Source quote, verbatim
Because rulemak- ing is subject to regulatory cycles22 and a classic collective action problem23, rules are generally not enacted when appropriate information for rulemaking becomes available.
From
Kaal, Dynamic Regulation via Governmental Contracts (2014), II.1 Learning Process to Improve Regulatory Information, p. 10 · source PDF
Cite as
Kaal, Dynamic Regulation via Governmental Contracts (2014)
Classification
failuresupport: arguedfailure: timing mismatch between information and enactmentfamily: plutocratic-captureinstitutional-designdynamic-regulation
Related claims
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